Delek US (NYSE:DK) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Delek US (NYSE:DK) released its quarterly earnings data on Tuesday. The oil and gas company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.15, Briefing.com reports. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. Delek US’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS.

Delek US Price Performance

Shares of DK stock traded down $0.07 during trading hours on Thursday, reaching $27.77. The company had a trading volume of 186,399 shares, compared to its average volume of 1,035,454. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 126.59 and a beta of 1.34. Delek US has a 12-month low of $21.26 and a 12-month high of $33.60. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. The stock has a fifty day moving average of $29.18 and a 200-day moving average of $27.45.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.60%. Delek US’s dividend payout ratio is 454.55%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DK. UBS Group raised their price objective on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. StockNews.com downgraded Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Bank of America lifted their price objective on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. TD Cowen decreased their price target on Delek US from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.67.

Insider Buying and Selling

In related news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the transaction, the chief financial officer now directly owns 18,925 shares in the company, valued at $539,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 4,226 shares of company stock worth $120,775. Company insiders own 1.80% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.